Last week's trade will give me a gain of $925 (4.6%) on a $20K account when it expires at the day today, as long as NQX remains above $2,760 at the end of the day today. I'm not expecting the market to fall by another 1%, so I'll keep this trade open through expiration. I will have to keep an eye on NQX for the next few hours, and I may have to change my plan if it does get too close to $2,760.
This week's trade of the week is a Put Credit Spread again. I'll sell 2 PUT options on NQX with a strike price of $2,650 and an expiration of 25 Feb 2022. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,600 and an expiration date of 25 Feb. This trade has a maximum gain of about $1,145 as long as NQX closes above $2,650 on Friday, 25 Feb 2022. I made this trade in my account that has a cash balance of $20,000. I am only using half of my available cash so that I can fix the trade in the unlikely event that NQX happens to fall by 5% this week.
The trade discussed above is not a recommendation but is merely an account of what I may have executed in the past.
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